This bill proposes several updates to current statutes regarding taxation in Arizona. Notably, it introduces new language that expands the valuation range for single-family homes from a current threshold of $100,000 to include $400,000, thereby requiring tax impact calculations for both values. Additionally, the bill modifies the language surrounding the submission of arguments for and against proposed budget increases, replacing the term "person" with "individual" and clarifying the requirements for sworn statements from various submitters, including organizations and political committees.

Furthermore, the bill mandates that certain phrases and information be presented in boldface type on ballots and informational pamphlets, enhancing clarity for voters regarding the implications of bond authorizations and tax increases. It also specifies that the estimated tax impacts must be detailed for both $100,000 and $400,000 homes, ensuring that voters are fully informed about the financial consequences of proposed tax increases. Overall, these changes aim to improve transparency and understanding of tax-related decisions for Arizona residents.

Statutes affected:
Introduced Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104